Question

Marketing has always been an important element of the typical company's business strategy and execution. However, in an increasingly global economy and society, marketing is taking on an even more important role in the success of multinational companies worldwide. Select the statements below that are correct in relation to marketing.

A) Marketing is becoming less relevant in the global economy.
B) Multinational companies rely on marketing for their success.
C) Marketing has no impact on business strategy.
D) Marketing is only important for local businesses.

Answer 1

Marketing is becoming increasingly important in the global economy as it helps multinational companies to reach and engage customers in different countries.

Step-by-step explanation:

Select the statements below that are correct in relation to marketing:

A) Marketing is becoming less relevant in the global economy.

B) Multinational companies rely on marketing for their success.

C) Marketing has no impact on business strategy.

D) Marketing is only important for local businesses.

The correct statements are B) Multinational companies rely on marketing for their success. and D) Marketing is only important for local businesses.

Marketing is becoming increasingly important in the global economy as it helps multinational companies to reach and engage customers in different countries. It plays a crucial role in developing business strategies and executing them effectively, leading to the success of these companies.